Vinyl record sales increased 29% in 2020 in the US, streaming increased 13%

Music streaming increased 13.4% in 2020 in the US compared to 2019, generating $10.1 billion last year compared to $8.9 billion in 2019, according to RIAA. Music streaming is accounting for 83% of the total revenue of the industry now. Vinyl sales have increased a whopping 29.2% to $619.6 million, compared to $479.5 million in 2019. Streaming has driven the industry to grow for the fifth consecutive year, with revenues increasing 9.2% in 2020, generating $12.2 billion in total.